Dycom Industries (NYSE:DY) Reaches New 52-Week High – Should You Buy?

Shares of Dycom Industries, Inc. (NYSE:DY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $367.61 and last traded at $366.0450, with a volume of 10823 shares. The stock had previously closed at $353.99.

Analyst Ratings Changes

A number of research analysts recently issued reports on DY shares. DA Davidson raised their price target on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, UBS Group raised their price objective on shares of Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $379.67.

Dycom Industries Trading Up 4.3%

The firm has a market cap of $10.69 billion, a PE ratio of 36.33, a P/E/G ratio of 1.84 and a beta of 1.34. The company’s fifty day moving average price is $336.86 and its two-hundred day moving average price is $293.04. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company earned $2.68 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, sell-side analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.72% of the company’s stock.

Institutional Investors Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Bank & Trust grew its stake in Dycom Industries by 1.6% during the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after buying an additional 33 shares during the period. Archer Investment Corp raised its position in shares of Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Dycom Industries by 1.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 46 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.